The Iranian Revolutionary Guard claims to have attacked four oil tankers in the Persian Gulf

The Iranian Islamic Revolutionary Guard Corps announced on Thursday that it successfully targeted four vessels in the Persian Gulf. According to the organization, the ships were intercepted while transferring oil shipments after being tracked by Iranian forces. The military action follows separate reports of an attack on a Saudi Aramco oil field that resulted in casualties.

These events have triggered immediate volatility in global energy markets. Following the reports of the attacks, the price of Brent crude oil rose by 2.3%, pushing the cost per barrel above 111 dollars prior to the opening of European stock exchanges.